LA Rent Control and How it Affects Your Multifamily Property

There is no longer any question that rent control is often counterproductive and ineffective. Study after study has shown profound social and economic consequences of government intervention in the housing markets of the nation over the last quarter of a century. Based on hard-earned experience, local and state jurisdictions from coast to coast have greatly restricted or banned rent control. There are still some communities that continue to impose rent control. The rationale is to preserve affordable housing for low- or middle-income families. That goal is not being met by rent control. Many communities are finding rent control reduces the quantity and quality of available housing. The Role

This is the best time in history to invest in real estate

Image to the right: Chuck Packard said Millennials are in need of apartments to rent, which bodes well for the sector. COSTA MESA, CA—Millennials are not looking for their piece of the rock like previous generations did—and many wouldn’t qualify for a home loan even if they were, say panelists at RealShare Orange County here Tuesday. These are among the many factors that make for a continued robust multifamily market—particularly in Orange County, where home prices are high. Speakers on the panel, “Multifamily: On the Rise or at its Peak” were consistent in their appraisal of the market as far from over, although it depends which market you’re looking at, said Gary Goodman, SVP | acquisition

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Anie Mayelian  (818) 915-9118 
DRE #0077825

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